CME Hikes Silver Margins By 11%

In a day in which silver was pounded the most since September 2013 without any fundamental reason to explain this weakness (aside for the extensively discussed Precious Metals-USDJPY funding pair trade, so favored by the central banks to punish gold/silver while pushing risk higher), many are wondering: what was the reason for this crash? Well, in a day in which Yellen now openly advised Democrats in a non-public setting about Fed policy, is it that ludicrous to assume that someone leaked the following announcement made after the close by the CME, namely that silver margins were just hiked by 11%?

QUIT feeding the bear...quit buying options and synthetic's that end up lining their pockets. How many freaking times have we seen this goat rope where the SOB's crash the HUI, crash the CRIMEX and take the money. Rinse Repeat....just buy the Phys. At least you will have something to show for your $$$.

NOT, There's no way Stevens and the RBA drop rates next Tuesday with Aussie on the .7700 handle.

The RBA will keep their powder dry, and use the devalation to drive demand. There's NO WAY a central bank is going to lower rates when their currency is on target. Stevens over shoots with his .7500 number, and he knows it.

The TRUE terms of trade with Aussie are in the mid-low .80's. The $usd is way overbought. Assuming a 4-5% $usd correction, that puts Aussie in the low ~mid 80's.